- Posted by: admin
- Category: Stock Market
In this article, I shall try to cover the share market holidays in India regarding various segments such as equity and currencies.
The trading on the segment of equities takes place on every day except Saturdays and Sundays. If the Stock Exchange declares any day as holiday in advance then trading remains suspended for that day.
Indian stock market holidays for 2017:
Let us have a look at the list showing trading holidays for 2017 – [equity segment, equity derivative segment and SLB(stock lending and borrowing) segment]
|5||Dr.Baba Saheb Ambedkar Jayanti and Good Friday||14.04.2017||Friday|
|7||Id-Ul-Fitr (Ramzan Id)||26.06.2017||Monday|
|10||Mahatma Gandhi Jayanti||02.10.2017||Monday|
|11||Diwali * Laxmi Puja||19.10.2017||Thursday|
The Exchange may make change(s) regarding any of the above holidays. In order to do such alteration, the Exchange shall issue a separate circular in advance.
This is to note that the Exchange may close trading in the market on days other than the scheduled holidays or may keep the market open on days which were originally declared as holidays. It is the discretion of the Exchange to extend, advance or reduce market hours when it feels the requirement of it.
NSE & BSE holidays for the year 2017 falling on Saturday or Sunday
Currency Trading And Clearing & Settlement holidays
|1||Chhatrapati Shivaji Maharaj Jayanti||19.02.2017||Sunday|
|2||Annual Bank Closing||01.04.2017||Saturday|
|4||Parsi New Year||17.08.2017||Thursday|
Timing of the Indian stock market:
Timing of the Indian stock market is divided into three sessions:
|Pre-open Trading Session||09:00 – 09:15|
|Trading Session||09:15 – 15:30|
|Closing Session||15:40 – 16:00|
A) Pre-open session:
Pre-opening session is basically divided into three parts:
9.00 a.m. to 9.08 a.m. : In the first 8 minutes, you can place the order, you can also modify or cancel the order in this session. Order entry session will randomly stop anytime between the 7th & 8th minute. Order entry & modification Open: 09:00 a.m.
Order entry & modification Close: 09:08 a.m. ( Random closure takes place in last 1 minute. Pre-open order matching commences immediately after the close of pre-open order entry).
9.08 a.m. to 9.12 a.m. : In the next 4 minutes price discovery, order matching and the trade confirmation will be done, and orders will be executed. Order modification or cancellation would not be allowed in this session.
9.12 a.m. to 9:15 a.m. : The next 3 minutes are used to facilitate the transition from pre-open to regular session. All unexecuted orders in the pre-open session will be carried forward to the normal trading session by the exchange.
B) Regular trading session:
Normal/Limited Physical Market Open: 09:15 a.m.
Normal/Limited Physical Market Close: 15:30 p.m.
Trades occur continuously as orders match at time/price priority.
C) Closing Session of the market takes place between 15.40 p.m and 16.00 p.m. :
During this session, people can place buy/sell orders in equity (delivery segment ) at the market price. During the post-market session, even if you place a market order it will be placed on the exchange at the closing price.
Similar to pre-market orders, post-market orders are allowed only for equity trading.
I have covered all the holidays of major stock exchanges of the country (i.e, NSE and BSE) associated with all possible segments in India for the calendar year 2017. We hope that the list of share market holidays help an Indian stock market trader or a prospective trader to plan his/her vacations better.
If you have any question to ask, please write in the comment box.